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Tag Archives: Redfin

Life Events and Higher Rents Influence Decision to Buy

The single-family rental market has seen an unprecedented boom in popularity in the last couple of years. But a recent survey indicates that the rising cost of rents, as well as certain life events, are pushing some out of the rental market and into buying.

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Housing Demand Stays Strong Despite Drop in Inventory

More interesting, Redfin said, was the shift in supply and demand dynamics: Even as new listings plunged 9.3 percent—nearly triple the average July-to-August decline—numbers of customers touring homes and making offers rose, demonstrating buyers aren't backing off.

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Power Shift Could Result in Home Sales Spike

forecast

For July, Redfin recorded a 0.3 percent monthly decline in the median sales price of homes sold in the major metros the company tracks, marking the first time in five months that price growth was essentially flat.

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